Tuesday, September 12, 2017, 2:00PM - 2:45PM ET
All it takes is one or two bad jobs to destroy years of profits. To prevent risks from sinking your business, you must identify, understand and quantify the risks that you face–financial, contractual and operational.
Managing risk starts with the estimating process and runs through your entire workflow, including the effects on your relationships with clients, subcontractors and employees. This 45 minute workshop will equip you with the tools to manage risk by teaching you how to assess, measure, and mitigate risk and then be able to proceed on your jobs with confidence.
Session Objectives:
- Develop tools to measure how much risk you can accept
- Anticipate any unknown factors that increase risk
- Create a Risk Assessment Worksheet
- Apply formulas to accurately factor risk into estimates and pro formas
- Learn how to create weighted average estimates including risk factors
- Have some fun!